PROPOSAL FOR A COUNCIL DIRECTIVE ON MONITORING AND CONTROLLING LARGE EXPOSURES OF CREDIT INSTITUTIONS

approximation of laws,credit institution,financial institution,subsidiary,venture capital

approximation of laws
credit institution
financial institution
subsidiary
venture capital

COMMISSION OF THE EUROPEAN COMMUNITIES

C0M(91) 68 final - SYN 333

Brussels, 23 Apr i I 1991

Proposal for a

COUNCIL DIRECTIVE

on monitoring and controlling large exposures

of credit institutions

(presented by the Commission)

- 2 -

EXPLANATORY MEMORANDUM

A. General

Risk spreading is a golden rule of financial activity in general. It is

the prime responsibility of the supervisory authorities to ensure that this

rule is closely observed by credit institutions. In the area of credit

risks, too great a concentration of exposures to any one party could

jeopardize the independence of the credit institution's management and, in

the event of that party failing, could cause it such a loss as to threaten

its stability. This is therefore a key rule of supervision which should be harmonized at

Community level. Furthermore, specific mention of this was made in the

Commission's White Paper on completing the internal market. However, there

is a second reason for such harmonization, namely the need to prevent clear

distortion of competition. As the rules governing the division of risks

are primarily intended to limit the assistance which a credit institution

may grant a given client, another institution would have a competitive

advantage if it were subject to less stringent rules. - 3 -

In line with the objectives set out in the White Paper, the Commission
adopted, in 1986, a Recommendation on large exposures1 in order to prepare

credit institutions and Member States gradually for the adoption of binding

standards. A recital in that Recommendation specifically promised a later

proposal for a Directive. The approaching internal market deadline and the

agreement reached by the national supervisory authorities within the

Banking Advisory Committee suggest that the time is ripe for a proposal for

a Directive to be adopted. The attached proposal for a Directive submitted for the Commission's

approval contains stricter standards than those set out

in the

Recommendation. Mentioning only the key rules, the absolute limit on

exposures to a single client has been set at 25% of the lending credit

institution's own funds (the corresponding percentage in the Recommendation

was 4 0 % ), while the threshold at which an exposure is considered to be a

large exposure has been reduced to 10% of the lending institution's own

funds (from 15% in the Recommendation). This reinforcement of standards is in response to the earnestly expressed

wishes of the Banking Advisory Committee and is also supported in a

document on sound practices presented by the Basle Committee on banking

supervision at the recent world conference of bank inspectors in Frankfurt. Stricter standards can only reinforce the solidity and stability of the

Community's banking system. Furthermore, a limit of 25% of the lending

institution's own funds can in no way be regarded as excessively low,

Commission Recommendation of 22 December 1986 on monitoring and

controlling large exposures of credit

institutions, 0J No L 33,

4. 2. 1987, p. 10. - 4 -

since, if a client to which such a large exposure had been incurred were to

fail, the credit institution could lose a quarter of its own funds, which

is a considerable amount and should, ideally, be reduced still further. Moreover, this is a ceiling, and credit institutions should discipline

themselves to reach or near that ceiling only In the case of exposures of

impeccable qua Iity. Nevertheless, the significant reduction in the ceiling compared with that

in the Recommendation may pose adjustment problems for some credit

institutions or, in a more structural manner, for certain banking systems

or parts of banking systems. Furthermore, assistance already granted in

excess of 25% of own funds cannot always be reduced quickly by credit

institutions which are contractually bound to the recipients of that

assistance. Accordingly, the attached proposal contains a provision

authorizing the competent authorities to grant credit institutions a

maximum period of five years in which to bring existing exposures into line

with the limits laid down; in addition, loans of longer maturity with

contractually binding terms for the lending institution, may be held until

maturity. B. Comments on the Articles

Article 1; Definitions

The definitions in this Article are drawn mainly from other Community

Directives or proposals for Directives in the banking sphere and their

retention is justified in the interests of consistency. However, two definitions are peculiar to this proposal and merit special

comment. - 5 -

The first of these is the definition of "exposures" (letter h) of the

definitions). The

above-mentioned

Commission

Recommendation

defined

exposures as any facility granted, whether drawn or undrawn, by a credit

institution to a client or group of connected clients, on or off balance

sheet, and includes those commitments and contingent items deemed to be

relevant by the respective competent authorities when assessing the

identifiable risks of that institution. A list of exposures was set out,

for guidance, in the Appendix to the Recommendation. Since then, the solvency ratio Directive1 has been adopted, which contains

a detailed nomenclature of risks. By referring to this nomenclature, it is

possible to have both a more precise and a more binding definition of

exposures. It should be emphasized, however, that this borrowing from the

solvency ratio Directive covers only the risk nomenclature and not the

weightings attributed to the risks in the Directive according to the party

or degree of risk involved in the transaction. These weightings in

Directive 89/647/EEC were not designed to measure exposure to an individual

client but instead to set up a general solvency requirement to cover the

credit risk of credit institutions. Given the fundamental aim underlying

the rules on risk spreading (to limit an institution's maximum risk of loss

with respect to a given client), a prudent approach must take account of

exposures at their nominal value, without any weighting or degree of risk. Council Directive 89/647/EEC of 18 December 1989 on a solvency ratio

for credit institutions, OJ No L 386, 30. 12. 1989, p. 14. - 6 -

It will be noted that the definition of exposures also includes

underwriting commitments for the issue of securities. The amount taken

into account is the institution's net commitment, subject to deduction of

the shares transferred to other credit or financial institutions. The second definition peculiar to this proposal is that of a "group of

connected clients" (letter m) in Article 1 ). This definition is very

similar to that in the 1986 Recommendation. The first part of the

definition refers to the existence of a power of control as defined in the

eleventh indent in Article 1. The second part refers to a de facto

interconnection resulting from certain links, examples of which are set out

in the proposal for guidance. The competent authorities will be

responsible for examining the combinations of exposures incurred by credit

Institutions on the basis of the rules transposing this definition into

national law and for assessing whether those combinations of exposures are

in fact consistent with the letter and spirit of the Community definition. In order to give the competent authorities the necessary flexibility in an

area which depends more on economic appraisal than on legal criteria, the

proposal makes it clear that the combined exposure presumptions in the

definition are relative presumptions which can be reversed if there is

proof to the contrary. Article 2: Scope

The Directive will apply to credit institutions which have obtained the

authorization referred to In Article 3 of Directive 77/780/EEC of
12 December 1977 (first coordination Directive),1 i. e. all the credit

institutions in the Community. However, Member States will not have to

apply the Directive to:

1

OJ No L 322, 17. 12. 1977, p. 30. - 7 -

institutions permanently excluded from the scope of the first

coordination Directive (mainly central banks, post office giro

institutions

and

certain

particular

institutions

in

each

Member State);

credit institutions permanently affiliated to a central body which

supervises them and which is established in the same Member State, and

provided

that the conditions set out

In Article 2(4)(a) of

Directive 77/780/EEC are met. In that case, without prejudice to the

application

of

the

Directive

to

the

central

body,

the

whole - constituted

by

the central

body

and

its affiliated

institutions - m u st be the subject of global supervision with regard

to large exposures. Article 3: Reporting of large exposures

Effective supervision of large exposures clearly calls for such exposures

to be notified regularly to the competent authorities. Such is the aim of

Article 3. Paragraph 1 of Article 3 stipulates that large exposures must be reported

to the competent authorities. At their discretion, Member States will

provide for this reporting to be carried out by one of the following

methods:

notification of all large exposures at least once a year, backed up by

communication during the year of any modifications to the annual

notification;

notification of all large exposures at least four times a year. - 8 -

The first of these two methods, which did not appear in the Recommendation,

was suggested to the Commission by the Banking Advisory Committee. As to the second method, the minimum frequency of notification has been

increased to four times a year from the single report provided for in the

Recommendation. Effective monitoring of large exposures presupposes that

sufficiently frequent information reaches the supervisory authorities. Moreover, one of the recitals In the Recommendation suggested that the

competent authorities should seek more frequent reporting. Member States will have the choice of transposing into national law either

one of these methods only or both methods. In the latter case, they will be

able to decide whether the choice of method should be left to the competent

authorities or to the credit institution itself. Paragraph 2 of Article 3 stipulates that an exposure to a client or group

of connected clients is to be considered a large exposure where its value

is equal to or exceeds 10% of the lending institution's own funds. The

corresponding percentage in the Recommendation was 15%. The reduction in

this threshold is Justified by the general need to make the system of

supervising large exposures more stringent in order to reinforce the

stability of the Community's banking system. More specifically, once the

ceiling on individual exposures has itself been cut (see Article 4(1)

below), it is logical to reduce the reporting threshold. Some countries

already employ a 10% threshold, and the Commission considers, in the light

of their experience, that such a threshold cannot be regarded as imposing

bureaucratic obligations. Since the proposal also provides for an

aggregate limit on large exposures of 800% of own funds (see Article 4(3)

below), the reporting exercise is limited to a theoretical maximum of 80

exposures. Moreover, this reporting exercise can easily be computerized. - 9 -

The reduction in the threshold to 10% will ease administrative obligations

in a further respect. The Commission has not retained paragraphs 3 and 4

of the corresponding Article in the Recommendation, which provided for a

credit Institution's ten largest exposures to be reported, whether or not

these were "large exposures". The Banking Advisory Committee agreed that

such reporting would lose much of its value as a result of the widening of

the concept of "large exposure". As to the supervision of institutions

which do not have exposures in excess of 10% of their own funds, this is,

by definition, not subject to legislation governing the spreading of large

exposures. Article 4

Paragraph 1

This key provision in the draft Directive stipulates that credit

institutions may not incur an exposure to a client or group of connected

clients where its value exceeds 25% of own funds. This represents an

appreciable reduction compared with the Recommendation, which provided for

a 40% ceiling. Apart from the fact that the introduction of stricter

standards more than four years after the adoption of the Recommendation,

which was only an initial stage, is a logical step, this reinforcement of

the standard was specifically called for by a significant majority of the

Banking Advisory Committee, subject to a transitional period for existing

exposures (see Article 6 below). Support for a 25% ceiling can also be

found in a document presented by the Basle Committee on banking supervision

at the world conference of bank inspectors held in Frankfurt in

October 1990. - 10 -

A 25% ceiling should not be regarded as excessively low since, while

complying with that limit, a credit institution could still, under the

worst hypothesis, lose a quarter of its own funds. This is a considerable

amount and should, ideally, be reduced further. The point is that this is

a maximum ceiling for exposures of impeccable quality, and credit

institutions should discipline themselves to reach or approach that limit

only In the case of exposures of such quality. Paragraph 2

Bank supervisors know from experience that there is frequently an increased

risk where a credit institution lends to enterprises linked to it. The

Banking Advisory Committee specifically requested the Commission to provide

for a lower limit for exposures to associated enterprises (parent

undertaking of the credit institution and other subsidiaries of that parent

undertaking). It had initially been planned to incorporate such a

provision in the proposal for a Directive relating to the supervision of
credit institutions on a consolidated basis. 1 But, as indicated in the

fourth recital of that proposal, it was considered preferable to settle

this question in a more systematic manner within the framework of the

future Directive on large exposures. The Commission has set this lower limit at 20% (compared with the normal

25% limit laid down in paragraph 1 ). Provision is made for exceptions to this rule in paragraphs 5 and 6 (see

below). 1

C0M(90) 451, OJ No C 315, 14. 12:1990, p. 15. J A. »

- 11 -

Paragraph 3

The Commission has retained the aggregate limit on large exposures provided

for in the Recommendation, i. e. 800% of own funds. However, as the concept

of "large exposure" has been broadened (see Article 3(2) above), this limit

has now become, indirectly, more strict. An aggregate limit is a valuable complement to the limitation of individual

risks in legislation governing large exposures. While the limitation of

individual risks ensures that no exposure exceeds the ceiling laid down, it

does not affect the spread of risks throughout the portfolio. An aggregate

limit of 800%, however, will mean that a credit institution can at most

have 80 large exposures and a maximum of 32 exposures which reach the

individual ceiling of 25% of own funds. Paragraph 4

This paragraph provides that Member States may impose more stringent limits

than those laid down in paragraphs 1, 2 and 3. Paragraph 5

This paragraph requires the limits laid down in the first three paragraphs

to be observed at all times. If those limits were to be exceeded - which

could happen accidentally - the proposal stipulates that they may be

exceeded only in exceptional and temporary circumstances and, in such

cases, the competent authorities would have to fix a deadline within which

the credit institution would be obliged to regularize its situation. Paragraph 6

This paragraph permits Member States to exempt fully or partially from the

need to observe the special 20% limit laid down in paragraph 2 exposures

incurred by the credit institution to a financial holding company which is

- 12 -

its parent undertaking and to other subsidiaries of that financial holding

company

which

are credit

institutions, financial

institutions or

undertakings providing ancillary banking services. The presumption of increased risk underlying the special 20% limit

applicable to exposures to associated undertakings is not necessarily

relevant in the case of exposures to banking and financial entities in the

group. In that event, however, the group should structure itself in such a

way that those entities can be the subject of supervision on a consolidated

basis exercised in accordance with the future Directive in this field (see

the reference above to the proposal for a Directive presented by the

Commission). Paragraph 7

This paragraph permits Member States to exempt fully or partially from all

the limits laid down in paragraphs 1, 2 and 3 (but not from the reporting

obligations set out in Article 3) exposures incurred by the credit

institution to:

its parent undertaking, provided that that undertaking is itself a

credit institution. It does not seem Justified to limit the flow of

funds which a subsidiary can provide for

its parent credit

institution. Of course, the proviso here is again that the parent

undertaking Is subject either to supervision on a consolidated basis

exercised in accordance with the Community Directive in question or,

if it is located in a third country, to equivalent supervision;

subsidiaries,

provided

that

those

subsidiaries

are

credit

institutions, financial

institutions or undertakings

providing

ancillary banking services. Since these are activities which the

- 13 -

credit institution could carry out directly, there is no reason to

limit the funding which It provides for its subsidiaries. Once again,

the exemption is subject to the proviso that the subsidiaries in

question are Included In the consolidated supervision of the parent

undertaking. Paragraph 8

This paragraph authorizes Member States to exempt a number of specific

exposures fully or partially from the application of the limits laid down

in paragraphs 1, 2 and 3. The first six indents (letters a) to f)) cover exposures incurred directly

or indirectly to Zone A central governments and central banks and to the

European Communities. No Member State imposes or seems prepared to impose

limits on exposures incurred by its credit institutions to itself. Given

the rule of non-discrimination within the Community, this lack of

limitation should in any case apply to exposures incurred to other

Member States. But, for reasons similar to those given in connection with

the above-mentioned Directive 89/647/EEC or the proposal for a Directive on
capital adequacy of investment firms and credit institutions,1 it seems

pertinent to refer to a wider geographical area, namely Zone A as defined

in Directive 89/647/EEC. Letters g) and h) cover cases where the risk can be considered to be small

or even nil, i. e. where it is covered by a guarantee in the form of cash

deposits or certificates of deposit lodged with the lending institution. Letter i) covers claims with a maturity of up to one year on other credit

institutions. The aim here is to cover transactions on the interbank

market. This is a market which operates between professionals who know

each other and which requires some flexibility in order to function

harmoniously. The Commission does not therefore consider it appropriate,

1

COM(90) 141; OJ No C 152, 21. 6. 1990, p. 6. - 14 -

at this stage, to establish a single harmonized limit at Community level

for exposures incurred on this market. The same reasoning applies to letter j ), which concerns commercial paper

meeting certain conditions, and to letter k ), which concerns the

obligations defined in article 22 paragraph 4 of directive 85/611/EEC on
UCITS1. Letter I) covers cooperative banks or savings banks belonging to a network

and for which there is a centralized cash clearing operation. Paragraph 9

Paragraph 9 refers to exposures incurred directly or indirectly to regional

and local authorities in the Member States. In view of the fact that the

degree of risk involved here is normally lower, the proposal permits a 20%

weighting to be applied. This rate may be reduced to 0% subject to the

conditions laid down in Article 7 of Directive 89/647/EEC. Given the wide

differences which may exist between the rules governing regional and local

authorities outside the Community, the Commission does not consider it

appropriate to extend this arrangement to the whole of Zone A. Paragraph 10

This paragraph states, as a general principle, that where an exposure to a

client is guaranteed, to the satisfaction of the competent authorities, by

a third party, the competent authorities may deem the exposure to have been

incurred to that third party and not to the client. Thus, where, for

example, a credit institution incurs an exposure of 50 to client A and one

of 20 to client B, but with client B guaranteeing 10 of A's debt to the

credit institution, the exposure to A and B may be deemed to be as follows:

- A: 40

- B: 30. 1

0J No L 375, 31. 12. 1985, p. 3. - 15 -

Article 5: Supervision on a consolidated or non-consolidated basis

This

Article

includes

provisions

already

adopted

as

part

of

Directive 89/647/EEC on a solvency ratio, and in particular Article 3(2) to

(6) of that Directive. Paragraph 1 covers the case of a credit institution which is neither a

parent undertaking nor a subsidiary. Paragraph 2 establishes the principle of applying the rules set out in

Articles 3 and 4 on a consolidated basis. Paragraph 3 lays down the arrangements for the non-consolidated supervision

of a parent credit institution and its subsidiaries established in the same

Member State. Paragraph 4 concerns the supervision, on a non-consolidated basis, of

subsidiaries established in other Member States. Paragraph 5 provides for possible bilateral agreements under which the

competent authorities in the Member State in which a subsidiary is situated

could delegate their responsibility for supervision to the competent

authorities in the Member State in which the parent credit undertaking is

established. Article 6: Transitional provisions relating to exposures in excess of the

limits

Article 6 concerns exposures existing at the time the Directive is

published in the Official Journal of the European Communities which exceed

the limits laid down by the Directive. It would seem Justified to make

transitional arrangements for this type of exposure, in order to allow

credit Institutions the time to find a solution which would not overturn

their commercial relationship with their clients. In any event, credit

- 16 -

institutions may be bound - with regard to the parties to whom those

exposures have been incurred - by contractual arrangements which do not

necessarily permit them to reduce such exposures quickly. Paragraph 1 specifies that risks entered into force before the date of

publication of the directive in the Official Journal of the European

Community shall be eligible for the grandfathering provisions. The choice

of this cut-off point is Justified by the consideration that from the

moment when the directive is published, credit institutions should not be

able to take exposures exceeding the limits that will apply subsequently. This paragraph also stipulates that the competent authorities must require

the credit institution in question to take the steps necessary to have the

excess exposure or exposures brought into line with the provisions of the

Direct ive. Paragraph 2 provides for the process of reducing the excess exposures to be

implemented and completed within the period deemed by the competent

authorities to be consistent with the principle of sound administration and

fair competition. The competent authorities are required to inform the

Commission and the Banking Advisory Committee of the schedule for the

general process adopted. In accordance with paragraph 4, however, the period in question may not

exceed five years from the date stipulated

in Article 8(1), i. e. 1 January 1993. However

loans with a longer maturity with binding

contractual terms for the credit institution may be held until maturity. Paragraph 3 stipulates that, credit institution may only take advantage of

the period specified in paragraph 2 to the extent that it does not take any

measure which would cause the exposures to exceed the level existing at the

date of publication of the directive in the Official Journal. The emphasis

is therefore on the deliberate action of the credit institution. - 17 -

Finally, paragraph 5 contains a specific provision which Member States may

apply to the particular categories of credit institution referred to in

Article 4(2) of Directive 89/646/EEC. This provision is justified by the

fact that, as the own funds of such institutions are limited, immediate

application of the 25% rule would reduce their lending activity too

abruptly. The arrangements set out in paragraph 5 can be summarized as

fol lows:

from 1 January 1993 to 31 December 1997, the institutions in question

may be subjected to a limit of 40% instead of the 25% limit laid down

in Article 4(1); in that event, all new exposures incurred by such

institutions are to be subject to that 40% limit;

exposures existing on the date the Directive is published in the

Official Journal may be maintained, whatever their level, until

31 December 1997, subject to the sole proviso that they may not be

increased beyond the level reached on the date of publication;

as from 1 January 1998, the 25% limit will come into force and will

apply to all new exposures;

however, exposures between 25% and 40% of own funds existing at the

end of the maximum period of five years (i. e. in principle on

31 December 1997) may be maintained

for a maximum period of

three years (i. e. until 31 December 2000), subject to the same

condition that they may not be increased;

as from 1 January 1998, therefore, no exposure in excess of 40% of own

funds may be maintained, and, as from 1 January 2001, no exposure in

excess of 25% of own funds may be maintained;

paragraph 4 provides, however, that loans with a longer maturity than

the dates referred to above and with binding contractual terms for the

lending credit institution may in all cases be maintained until

maturity. - 18 -

Article 7: Subsequent amendments

Paragraph 1 specifies the fields in which the procedure for making

technical amendments to the Directive are to apply. The first three

indents concern the adaptation of definitions or terminology. The fourth

relates to the frequency of large exposure reporting ((Article 3(1)). The

fifth indent concerns the clarification or extension of the exemptions

provided for in Article 4(5) to (9). The sixth indent, finally, refers to

the maximum period for reducing the excess exposures outstanding at the

time of the publication of the Directive in the Official Journal of the

European Communities. This maximum period laid down in Article 6(4) is

five years. The procedure laid down in paragraph 2 is Procedure III, Variant (a), in

Council Decision 87/373/EEC of 13 July 1987 laying down the procedures for

the exercise of implementing powers conferred on the Commission. Article 8: Final provisions

The first subparagraph of paragraph 1 requires Member States to comply with

the Directive by 1 January 1993. The second subparagraph stipulates that, when Member States adopt the

necessary provisions of national law, these must contain a reference to

this Directive or must be accompanied by such reference when they are

official I y pub Iished. Paragraph 2 deals with the transmission to the Commission of the main

provisions of national law adopted by the Member States. Article 9

This Article contains the usual wording to the effect that the Directive^ is

addressed to all Member States. - 19 -

Proposal for a

COUNCIL DIRECTIVE

on monitoring and controlling large exposures

of credit institutions

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community,

and in particular the first and third sentences of Article 57(2) thereof,

Having regard to the proposal from the Commission1,

In cooperation with the European Parliament2,

Having regard to the opinion of the Economic and Social Committee3,

Whereas this Directive is consistent with the aims set out in the
Commission's White Paper on completing the internal market4;

Whereas the suitable approach is to achieve harmonization of essential

supervisory rules; whereas Member States should have the option of adopting

more stringent provisions than those provided for by this Directive;

Whereas this Directive has been the subject of consultation with the

Banking Advisory Committee, which is responsible, under Article 6(4) of

Council Directive 77/780/EEC of 12 December 1977 on the coordination of

1

2

3

4

C0M(85)310. - 20 -

laws, regulations and administrative provisions relating to the taking-up
and pursuit of the business of credit institutions1, as last amended by
Directive 89/646/EEC2, for making suggestions to the Commission with a

view to coordinating the coefficients applicable in the Member States;

Whereas monitoring and controlling the exposures of a credit institution is

an integral part of prudential supervision; whereas excessive concentration

of exposures to a single client or group of connected clients may result in

an unacceptable risk; whereas such a situation may be deemed to be

prejudicial to the solvency of a credit institution;

Whereas common guidelines for monitoring and controlling exposures of

credit institutions were introduced initially by Commission Recommendation
87/62/EEC3; whereas that instrument was chosen since it permitted existing

systems to be adjusted gradually and new systems to be established without

causing dislocation to the banking system of the Community; whereas, with

that first phase now over, it is necessary for a binding instrument to be

adopted, applicable to all Community credit institutions;

Whereas credit institutions in a unified banking market engage in direct

competition with each other and the prudential supervision requirements

throughout the Community should, therefore, be equivalent; whereas, to that

end, the criteria applied for determining the concentration of exposures

should be the subject of legally binding rules at Community level and

cannot be left entirely to the discretion of the Member States; whereas the

adoption of common rules will therefore best serve the interests of the

Community, since it will prevent differences in competitive conditions,

while at the same time strengthening the Community's banking system;

1

2

3

OJ No L 322, 17. 12. 1977, p. 30. OJ No L 386, 30. 12. 1989, p. 1. OJ No L 33, 4. 2. 1987, p. 10. - 21 -

Whereas as regards the precise accounting technique to be used for

assessing exposures, reference is made to the provisions of Council

Directive 86/635/EEC of 8 December 1986 on the annual accounts and
consolidated accounts of banks and other financial institutions1;

Whereas Council Directive 89/647/EEC of 18 December 1989 on a solvency
ratio for credit institutions2 contains a list of credit risks which may

be incurred by credit institutions; whereas it is therefore justified to

refer to that list in the definition of exposure for the purpose of this

Directive; whereas it is not, however, appropriate to refer to the

weightings or degrees of risk set out by Directive 89/647/EEC; whereas

these weightings and degrees of risk have been devised in order to set up a

general solvency requirement to cover the credit risk of credit

institutions; whereas in the framework of regulating large exposures, the

purpose is to limit the maximum potential loss that a credit institution

may incur through a single client or a group of related clients; whereas it

is therefore appropriate to adopt a prudent approach consisting of taking

account of the nominal value of exposures, without application of any

weightings or degree of risk;

Whereas when a credit institution has an exposure to its own parent

undertaking, or to other subsidiaries of its parent undertaking, particular

prudence is Justified; whereas the management of exposures incurred by

credit institutions must be carried out in a fully autonomous manner, with

respect to the principles of sound banking management, without regard to

any other considerations beyond these principles; whereas the provisions of

the Second Council Directive 89/646/EEC of 15 December 1989, on the

coordination of laws, regulations and administrative provisions relating to

the taking up and pursuit of the business of credit institutions and

amending Directive 77/780/EEC, require that where the influence exercised

by persons holding a qualifying participation in a credit institution

directly or indirectly is likely to operate to the detriment of

1

2

OJ No L 372, 31. 12. 1986, p. 1. OJ No L 386, 30. 12. 1989, p. 14. - 22 -

the prudent and sound management of the institution, the competent

authorities shall take appropriate measures to put an end to that

situation; whereas in the large exposures field, it is justified to insert

specific rules with respect to an exposure held by a credit institution on

its own group, and in such cases more stringent limitations are justified

for such exposures than for other exposures; whereas this more stringent

limitation must however not be applied when the parent undertaking is a

financial holding company or a credit

institution, and the other

subsidiaries which are either credit or financial

institutions, or

undertaking offering ancillary banking services, to the extent that all

these undertakings are included in the supervision on a consolidated basis

of the credit institution; whereas in that case, the supervision on a

consolidated basis of the group allows sufficiently efficient supervision,

without the imposition of more stringent limits on exposure being needed;

whereas under this approach, banking groups will also be encouraged to

organize their structure in such a way as to make consolidated supervision

possible, which is a desirable result because it allows more comprehensive

supervision to be carried out;

Whereas it is necessary to provide for a two-stage application of the limit

of 25% of own funds in the case of the particular categories of credit

institution referred to in Article 4(2) of Directive 89/646/EEC; whereas,

the own funds of such institutions being limited, a single-stage

application of the 25% rule would reduce their lending activity too

abruptly;

Whereas implementing powers of the same nature as those which the Council

reserved for itself in Directive 89/299/EEC of 17 April 1989 on the own
funds of credit institutions1 were granted to the Commission in Directive

89/646/EEC;

1

OJ No L 124, 5. 5. 1989, p. 16. - 23 -

Whereas, taking account of the specific characteristics of the sector in

question, it is appropriate to give the committee provided for in Article

22 of Directive 89/646/EEC the role of assisting the Commission in carrying

out the responsibilities granted to it according to the rules of procedure

laid

down

in Article 2, Procedure III, Variant

(a) of

Council

Decision 87/373/EEC of 13 July 1987 laying down the procedures for the
exercise of implementing powers conferred on the Commission1,

HAS ADOPTED THIS DIRECTIVE:

1

OJ NO L 197, 18. 7. 1987, p. 33. - 24 -

Artlçlo 1

Definitions

For the purpose of this Directive:

(a) "credit institution" means a credit institution as defined in the

first indent of Article 1 of Directive 77/780/EEC and includes

branches of such institutions in third countries and all private or

public undertakings, including their branches, which satisfy the

definition

given

in the

first

indent

of

Article 1 of

Directive 77/780/EEC and which have been authorized in a third

country;

(b) "competent authorities" means the competent authorities as defined in

the ninth indent of Article 1 of Directive. (supervision on a

consolidated basis);

(c) "parent undertaking" means a parent undertaking as defined in

Articles 1 and 2 of Council Directive 83/349/EEC1;

(d) "subsidiary undertaking" means a subsidiary undertaking as defined in

Articles 1 and 2 of Directive 83/349/EEC; any subsidiary undertaking

of a subsidiary undertaking shall be deemed to be a subsidiary of the

parent undertaking which is at the head of those undertakings;

(e) "financial holding company" means a financial holding company as

defined in the third indent of Article 1 of Directive. (supervision

on a consolidated basis);

1 OJ No L 193, 18. 7. 1983, p. 1. - 25 -

(f) "financial institution" means a financial institution as defined in

the sixth indent of Article 1 of Directive 89/646/EEC;

(g) "ancillary banking services undertaking": an undertaking as defined in

Article 1, fifth indent, of Directive

(supervision on a

consolidated basis);

(h) "exposures" means: the assets and off-balance-sheet items listed in

Article 6 of Directive 89/647/EEC and in Annexes I and III thereto,

without application of the weightings or degrees of risk set out in

those provisions; the risks mentioned in Annex III must be calculated

in accordance with the method set out in Annex II to that Directive,

without application of the weightings for counterparty risk; the

underwriting commitments for the issue of securities are included,

subject to deduction of the shares transferred to other credit or

financial institutions;

(i) "Zone A" means the zone defined in the second indent of Article 2 of

Directive 89/647/EEC;

(J) "Zone B" means the zone defined in the third indent of Article 2 of

Directive 89/647/EEC;

(k) "own funds" means the own funds of a credit institution within the

meaning of Directive 89/299/EEC;

- 26 -

(I) "power of control" means the relationship between a parent undertaking

and a subsidiary, as defined in Articles 1 and 2 of Directive

83/349/EEC, or a similar relationship between any natural or legal

person and an undertaking;

(m) "group of connected clients" means two or more persons, whether

natural or legal, who, until proven otherwise, constitute a single

risk because:

(i) either one of them holds, directly or indirectly, power of

control over the other or others, or

(II) they are so interconnected that, if one of them were to

experience financial problems, the other or all of them would be

likely

to

encounter

repayment

difficulties. Such

interconnections to be taken into consideration include in

particular:

common ownership;

common directors;

cross guarantees;

direct

commercial

interdependence

which

cannot

be

substituted in the short term. - 27 -

Artie»* Z

Scope

Subject to paragraph 2, this Directive shall apply to credit institutions

which have obtained the authorization referred to in Article 3 of

Directive 77/780/EEC. However, Member States need not apply this Directive to:

(a) credit institutions listed in Article 2(2) of Directive 77/780/EEC;

(b) institutions in the same Member State which, as defined in

Article 2(4)(a) of Directive 77/780/EEC, are affiliated to a central

body in that Member State. In that case, without prejudice to the

application of this Directive to the central body, the whole -

constituted by the central body and its affiliated institutions - must

be the subject of global supervision with regard to large exposures. - 28 -

Article ?

Reporting of large exposures

1. A report of every large exposure within the meaning of paragraph 2

shall be made by the credit institution to the competent authorities. Member States shall provide that this reporting is carried out at

their discretion, in accordance with one of the following two methods:

notification of all large exposures at least once a year, backed

up by communication during the year of any modifications to the

annual notification;

notification of all large exposures at least four times a year. 2. An exposure of a credit institution to a client or group of connected

clients Is considered to be a "large exposure" where its value is

equal to or exceeds 10% of own funds. - 29 -

Article 4

Limits on large exposures

1. Credit institutions may not incur an exposure to a client or group of

connected clients where its value exceeds 25% of own funds. 2. Where that client or group of connected clients is the parent

undertaking of the credit institution and/or one or more subsidiaries

of that parent undertaking, the percentage provided for in paragraph 1

shall be reduced to 20%. 3. Credit institutions may not incur large exposures which, in the

aggregate, exceed 800% of own funds. 4. Member States may impose more stringent rules than those laid down in

paragraphs 1, 2 and 3. 5. The limits referred to in paragraphs 1, 2 and 3 shall be observed at

all times by the credit institution. They may be exceeded only in

exceptional

circumstances and,

in such cases, the

competent

authorities shall fix a deadline within which the credit institution

must regularize its situation. 6. Member States may fully or partially exempt from the application of

paragraph 2 exposures incurred by the credit institution to a

financial holding company which is its parent undertaking and to other

subsidiaries of that financial holding company, provided that:

a)

the financial holding company is included in the supervision on a

consolidated basis of the credit

institution exercised in

accordance with Directive. (supervision on a consolidated

basis);

- 30 -

b)

those other subsidiaries are credit institutions, financial

institutions or undertakings providing ancillary banking services

and are included in the consolidated supervision of the credit

institution exercised

in accordance with Directive

(supervision on a consolidated basis). 7. Member States may fully or partially exempt from the application of

paragraphs 1, 2 and 3 exposures incurred by the credit institution to:

a)

its parent undertaking, provided that the parent undertaking is a

credit institution subject to supervision on a consolidated basis

exercised in accordance with Directive. (supervision on a

consolidated basis) or to equivalent standards in force in a

third country;

b)

subsidiaries, provided that those subsidiaries are credit

institutions, financial institutions or undertakings providing

ancillary banking services and are included in the consolidated

supervision of the credit institution exercised in accordance

with Directive. (supervision on a consolidated basis). 8. Member States may fully or partially exempt the following exposures

from the application of paragraphs 1, 2 and 3:

a)

asset items constituting claims on Zone A central governments and

central banks;

b)

asset items constituting claims on the European Communities;

c)

asset items constituting claims carrying the explicit guarantees

of Zone A central governments and central banks or of the

European Commun 11 i es ;

- 31 -

d)

other exposures attributable to, or guaranteed by, Zone A central

governments and central banks or the European Communities;

e)

asset items which constitute claims on Zone B central governments

and central banks, and which are denominated and funded in the

national currencies of the borrowers-,

f)

asset items secured, to the satisfaction of the competent

authorities, by collateral

in the form of Zone A central

government or central bank securities or securities issued by the

European Commun i t i es ;

g)

asset items secured, to the satisfaction of the competent

authorities, by collateral in the form of cash deposits placed

with the lending institution or with a credit institution which

is the parent undertaking of the lending institution-,

h)

asset items secured, to the satisfaction of the competent

authorities, by collateral in the form of certificates of

deposits Issued by and lodged with the lending institution;

i) asset items constituting claims and other exposures on credit

institutions, with a maturity of one year or less, but not

constituting such

institutions' own funds as defined in

Directive 89/299/EEC;

J)

bills of trade and other bills, with a maturity of one year or

less, bearing the signature of another credit institution and

accepted for refinancing by a central bank-,

k)

bonds defined in Article 22(4) of Council Directive 85/611/EEC1;

1

OJ No L 375, 31. 12. 1985, p. 3. - 32 -

I) asset items constituting claims on regional or central credit

institutions with which the lending institution is associated as

part of a network by virtue of legal or statutory provisions and

which are responsible, in accordance with those provisions, for

cash clearing operations within the network. 9. Member States may, for the purposes of paragraphs 1, 2 and 3, apply a

weighting of 20% to asset items constituting claims on regional and

local authorities in the Member States and to other exposures to such

authorities or guaranteed by them; however, subject to the conditions

laid down in Article 7 of Directive 89/647/EEC, Member States may

reduce this rate to 0%. 10. Where an exposure to a client is guaranteed, to the satisfaction of

the competent authorities, by a third party, Member States may deem

the exposure to have been incurred to that third party and not to the

cllent. - 33 -

Article g

Supervision on a consolidated or unconsolidated basis

1. If the credit institution is neither a parent undertaking nor a

subsidiary, compliance with the obligations set out in Articles 3 and

4 shall be supervised on an unconsolidated basis. 2. If the credit institution is a parent undertaking, compliance with the

obligations set out in Articles 3 and 4 shall be supervised on a

consolidated basis in accordance with Directive

(supervision on

a consolidated basis). 3. The competent authorities responsible for authorizing and supervising

a credit institution which is a parent undertaking may also require

the credit institution, together with any of its subsidiaries subject

to authorization and supervision by them, to comply with the

obligations set out in Articles 3 and 4 on a subconsol idated or

unconsolidated basis. Where such monitoring of the satisfactory

allocation of risks within a banking group is not carried out, other

measures shall be taken to that end. 4. Where the subsidiary of a parent undertaking which is a credit

institution has been authorized in another Member State, the competent

authorities which granted that authorization shall require compliance

with the obligations set out in Articles 3 and 4 on an unconsolidated

basis or, if appropriate, subconsolidated. - 34 -

5. Notwithstanding paragraph 4, the competent authorities responsible for

authorizing the subsidiary of a parent undertaking situated in another

Member State may, by way of a bilateral agreement, delegate

responsibility for supervising compliance with the obi I gat ions set out

In Articles 3 and 4 to the competent authorities which have authorized

and which supervise the parent undertaking. The Commission and the

Banking Advisory Committee shall be kept informed of the content of

such agreements. - 35 -

Article S

Transitional provisions relating to exposures

in excess of the limits

1. Where, at the time of the publication of this Directive in the

Official Journal of the European Communities, a credit institution has

already incurred an exposure or exposures exceeding either the large

exposure limit or the aggregate large exposure limits, as referred to

In Article 4, the competent authorities shall require the credit

institution to take steps to have the exposure or exposures of the

credit institutions concerned brought into line with the provisions of

this Directive. 2. The process of having the exposure or exposures brought into line

shall be devised, adopted, implemented and completed within the period

deemed by the competent authorities to be consistent with the

principle of sound administration and fair competition. The competent

authorities shall inform the Commission and the Banking Advisory

Committee of the schedule for the general process adopted. 3. Credit institutions may only take advantage of the period specified in

paragraph 2 to the extent that it does not take any measure which

would cause the exposures to exceed the level existing at the date of

the publication of the Directive in the Official Journal of the

European Communities. 4. The period applicable under paragraph 2 may not exceed five years as

from 1 January 1993. However, loans with a longer maturity for which

the lending credit institution is bound to respect the contractual

terms, may be continued until their maturity. - 36 -

5. For a period not exceeding five years starting from 1 January 1993,

Member States may increase the limit laid down in Article 4(1) to 40%

in the case of credit institutions belonging to the particular

categories referred to in Article 4(2) of Directive 89/646/EEC. In

such cases, the period referred to in paragraph 4 shall be reduced to

three years and shall commence on expiry of the period referred to in

this paragraph. The Member States concerned shall

notify

the

Commission and the Banking Advisory Committee of the reasons which

have led them to make use of this option and of the steps they have

taken to bring the excess exposures into line with the limits laid

down. - 37 -

Article 7

Subsequent amendments

1. Technical amendments to the following points shall be adopted in

accordance with the procedure set out in paragraph 2:

adaptation of definitions to take account of developments on

financial markets;

clarification of definitions to ensure uniform application of

this Directive;

alignment of the terminology and of the wording of the

definitions on those contained

in subsequent

instruments

concerning credit institutions and related matters;

the frequency referred to in Article 3(1);

clarification or extension of the exemptions provided for in

Article 4(5) to (9);

the period referred to in Article 6(4). 2. The Commission shall be assisted by the committee provided for in the

first subparagraph of Article 22(2) of Directive 89/646/EEC. - 38 -

The representative of the Commission shall submit to the committee a draft

of the measures to be taken. The committee shall deliver its opinion on

the draft within a time limit which the chairman may lay down according to

the urgency of the matter. The opinion shall be delivered by the majority

laid down in Article 148(2) of the Treaty in the case of decisions which

the Council is required to adopt on a proposal from the Commission. The

votes of the representatives of the Member States within the committee

shall be weighted In the mannner set out in that Article. The chairman

shalI not vote. The Commission shall adopt the measures envisaged if they are in accordance

with the opinion of the committee. If the measures envisaged are not in accordance with the opinion of the

committee, or if no opinion is delivered, the Commission shall, without

delay, submit to the Council a proposal relating to the measures to be

taken. The Council shall act by a qualified majority. If, on the expiry of three months from the date of referral to the Council,

the Council has not acted, the proposed measures sha11 be adopted by the

Commission. - 39 -

Article 9

Final provisions

1. Member States shall bring into force the laws, regulations and

administrative provisions necessary to comply with the provisions of

this Directive on 1 January 1993. They shall forthwith inform the

Commission thereof. When Member States adopt these provisions, these shall contain a

reference to this Directive or shall be accompanied by such reference

at the time of their official publication. The procedure for such

reference shall be adopted by Member States. 2. Member States shall communicate to the Commission the texts of the

main provisions of national law which they adopt in the field governed

by this Directive. - 40 -

Article 9

This Directive is addressed to the Member States

Done at Brussels,

For the Council
The President

- 41 -

FINANCIAL STATEMENT

The proposal will not entail any costs for the European Communities'

budget. - 42 -

COMPETITIVENESS AND EMPLOYMENT IMPACT STATEMENT

I. What is the main reason for Introducing the measure?

The main reason for introducing the measure is to improve and reinforce the

supervision of credit institutions in the Community as regards risk

concentration. II. Features of the businesses In Question

The proposal concerns credit institutions, i. e. a regulated category of

enterprises. Given the minimum initial capital and own funds amounts laid down in

Articles 4 and 10 of Directive 89/646/EEC, it is doubtful whether there are

many SMEs among the credit institutions concerned. There is no regional concentration. III. What direct obligations does this measure impose on businesses?

The proposal imposes on the enterprises concerned, namely credit

institutions, the obligation to report their large exposures to the

competent authorities and to limit those large exposures to a given

proportion of their own funds (25% for an individual exposure, 800% for

their aggregate large exposures). IV. What indirect obligations are local authorities likely to Impose on

businesses?

No obligations are likely to be imposed by local authorities on the

businesses concerned. - 43 -

V. Are there any special measures in respect of SMEs?

The proposal seeks to improve the supervision of a regulated category of

enterprise (credit institutions); it does not therefore involve SMEs in

any way. Furthermore, as the proposal is designed to limit the large

exposures of credit institutions, it is unlikely that it will have the

effect of limiting the exposures incurred by credit institutions to SMEs. VI. What Is the likely effect on:

(a) the competitiveness of businesses?

(b) employment?

(a) As the proposal is designed to introduce fuller supervision of the

activities of credit institutions, the danger of such institutions

failing should be reduced, which can have only a beneficial impact on

their performance and on the stability of economic and financial

activity in general. (b) No effect on employment is anticipated. VII. Have employers' and employees' representatives been consulted? What

are their views?

Employees' representatives were informed of the Commission's intention to

draw up this proposal, which will have no impact on their situation. As far as the business sector is concerned, informal consultations have

been held with the Banking Federation of the European Community, the

Savings Banks Group of the European Economic Community, the Association of

Cooperative Banks of the EC and the European Community Mortgage Federation. These trade associations generally accept the principle of legislation

governing large exposures. ISSN 0254-1475

COM(91)68 final

DOCUMENTS

EN

09

Catalogue number : CB-CO-91-158-EN-C
ISBN 92-77-71345-3

PRICE

1-30 pig» 3. 50 ECU

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WRITTEN QUESTION No. 735/91 by Mr Panayotis LAMBRIAS to the Commission. Computer translation and processing of the less common Community languages

computer applications,data processing,database,information system,language teaching,machine translation,multilingualism,research programme

computer applications
data processing
database
information system
language teaching
machine translation
multilingualism
research programme


AMENDMENT TO THE PROPOSAL FOR A COUNCIL DIRECTIVE CONCERNING CERTAIN ASPECTS OF THE ORGANIZATION OF WORKING TIME

arrangement of working time,humanisation of work,occupational safety,organisation of work,working time

arrangement of working time
humanisation of work
occupational safety
organisation of work
working time


91/267/EEC: Decision No4/91 of the ACP - EEC customs cooperation committee of 23 April 1991 derogating from the definition of the concept of ' originating products ' to take account of the special situation of FIJI with regard to its production of certain garments

Fiji,fourth Lomé Convention,originating product

Fiji
fourth Lomé Convention
originating product


WRITTEN QUESTION No. 738/91 by Mr Gérard MONNIER-BESOMBES to the Commission. Application of Directive 79/409/EEC : Special protection area for the Montagu' s harrier (Circus pygargus)

France,application of EU law,protected area,protected species,protection of animal life,wildlife

France
application of EU law
protected area
protected species
protection of animal life
wildlife


Commission Regulation (EEC) No 1034/91 of 23 April 1991 imposing a provisional anti-dumping duty on imports of video tapes in cassettes originating in the people's Republic of China


WRITTEN QUESTION No. 744/91 by Mr Maxime VERHAGEN to the Commission. Establishment of a transmission standard for satellite broadcasts

cable distribution,high-definition television,satellite communications,television

cable distribution
high-definition television
satellite communications
television


WRITTEN QUESTION No. 734/91 by Mr Gianfranco AMENDOLA and Mr Virginio BETTINI to the Commission. Infringement of Community legislation by the ENEL power station at Porto Tolle, Rovigo

Veneto,application of EU law,cadmium,dangerous substance,industrial pollution,pollution of waterways,power plant,regions of Italy,waste disposal,wastewater

Veneto
application of EU law
cadmium
dangerous substance
industrial pollution
pollution of waterways
power plant
regions of Italy
waste disposal
wastewater


WRITTEN QUESTION No. 722/91 by Mr Karl-Heinrich MIHR , Mr Fritz PIRKL , Mr Madron SELIGMAN , Mr Karl PARTSCH , Mr Heinz KÖHLER, Mr Detlev SAMLAND, Mr Peter CRAMPTON and Mr Franz STAUFFENBERG to the Commission. Membership application by the Republic of Austria

CRAMPTON,European Parliament,KOEHLER HEINZ,MIHR,PARTSCH,PIRKL,SAMLAND,SELIGMAN,VON STAUFFENBERG

Austria,EC opinion,European Commission,accession to the European Union

Austria
EC opinion
European Commission
accession to the European Union


WRITTEN QUESTION No. 733/91 by Mr Gerardo FERNÁNDEZ-ALBOR to the Commission. University degree for translating and interpreting studies

Spain,higher education,information profession,interpreting,recognition of diplomas,university

Spain
higher education
information profession
interpreting
recognition of diplomas
university


Council Regulation (EEC) No 973/91 of 18 April 1991 allocating additional catch quotas among Member States for vessels fishing in Swedish waters for 1991

EU Member State,Sweden,fishery management,sea fishing

EU Member State
Sweden
fishery management
sea fishing


WRITTEN QUESTION No. 743/91 by Mr Maxime VERHAGEN to the Commission. Relations between the Commission and the Surinam Government

Surinam,development plan,fourth Lomé Convention,generalised preferences,legitimacy,national election,structural policy

Surinam
development plan
fourth Lomé Convention
generalised preferences
legitimacy
national election
structural policy


WRITTEN QUESTION No. 732/91 by Mr Eisso WOLTJER to the Commission. Accuracy of European Community cereal production figures

European Community,cereal-growing,common agricultural policy,fraud,press,production statistics,statistical method

European Community
cereal-growing
common agricultural policy
fraud
press
production statistics
statistical method


WRITTEN QUESTION No. 724/91 by Mr Henry SABY to the Council. Declaration on South Africa adopted by the European Council at its Rome meeting (14-15 December 1990)

EU investment,European Council,South Africa,apartheid

EU investment
European Council
South Africa
apartheid


WRITTEN QUESTION No. 746/91 by Mr Manfred WOHRER to the Commission. Free movement of pets in the EC

EU aid,United Kingdom,domestic animal,rabies,veterinary inspection

EU aid
United Kingdom
domestic animal
rabies
veterinary inspection


WRITTEN QUESTION No. 756/91 by Mr José ÁLVAREZ DE PAZ to the Council. Demographic trends in the Community and future immigration policies

family policy,immigration,integration of migrants,migration policy,pension scheme,political asylum,population policy

family policy
immigration
integration of migrants
migration policy
pension scheme
political asylum
population policy


Conditions for business cooperation : public procurement : company law, intellectual property, company taxation. Volume 3.

company law,industrial cooperation,intellectual property,public contract,single market,tax system

company law
industrial cooperation
intellectual property
public contract
single market
tax system


WRITTEN QUESTION No. 727/91 by Mr Luigi COLAJANNI to European Political Cooperation. Clandestine ' Gladio' network

European political cooperation,information network,paramilitary force,political unrest,political violence,secret service,terrorism

European political cooperation
information network
paramilitary force
political unrest
political violence
secret service
terrorism


WRITTEN QUESTION No. 730/91 by Mr Thomas MEGAHY to the Commission. Distribution of surplus food

United Kingdom,agricultural surplus,distribution of aid,food aid,poverty,surplus stock

United Kingdom
agricultural surplus
distribution of aid
food aid
poverty
surplus stock


WRITTEN QUESTION No. 757/91 by Mr José ÁLVAREZ DE PAZ to the Council. Amendments to Regulation 1408/71

Community migration,migrant worker,pension scheme,self-employment,social security,unemployed person

Community migration
migrant worker
pension scheme
self-employment
social security
unemployed person


Commission Regulation (EEC) No 1014/91 of 23 April 1991 on the opening of supplementary quotas for imports into the Community of certain textile products originating in certain third countries participating in the 1991 Berlin Trade Fairs

Berlin,tariff quota,textile product,third country,trade event

Berlin
tariff quota
textile product
third country
trade event


WRITTEN QUESTION No. 754/91 by Mr José VALVERDE LÓPEZ to the Commission. Chaotic conditions in Spain affecting flights and the safety and protection of passengers

European Civil Aviation Conference,Spain,air traffic,air traffic control,airport,civil aviation,competence of the Member States

European Civil Aviation Conference
Spain
air traffic
air traffic control
airport
civil aviation
competence of the Member States


Commission Regulation (EEC) No 1118/91 of 23 April 1991 amending the quantitative limits set by Council Regulation (EEC) No 4136/86 on common rules for imports of certain textile products originating in third countries

Hungary,Poland,import restriction,quantitative restriction,textile product

Hungary
Poland
import restriction
quantitative restriction
textile product


WRITTEN QUESTION No. 749/91 by Mr Thomas MAHER to the Commission. Imports of calves

EU statistics,calf,distribution by age,import,weights and measures

EU statistics
calf
distribution by age
import
weights and measures


Council Regulation (EEC) No 1029/91 of 22 April 1991 amending for the 13th time Regulation (EEC) No 351/79 concerning the addition of alcohol to products in the wine sector


Council Regulation (EEC) No 1051/91 of 22 April 1991 extending the provisional anti-dumping duty on imports of espadrilles originating in the people's Republic of China


Council Directive 91/238/EEC of 22 April 1991 amending Directive 89/396/EEC on indications or marks identifying the lot to which a foodstuff belongs

consumer protection,dairy ice cream,foodstuff,labelling,trademark

consumer protection
dairy ice cream
foodstuff
labelling
trademark


Commission Regulation (EEC) No 980/91 of 22 April 1991 amending Regulation (EEC) No 787/91 and derogating from Regulation (EEC) No 2729/81 as regards the issue of export licences for milk and milk products


Council Regulation (EEC) No 1026/91 of 22 April 1991 amending Regulation (EEC) No 1208/81 determining the Community scale for the classification of carcases of adult bovine animals

carcase
cattle
classification
meat processing industry


Council Regulation (EEC) No 1028/91 of 22 April 1991 amending Regulation (EEC) No 1336/86 fixing compensation for the definitive discontinuation of milk production

cessation of trading,dairy farm,indemnification

cessation of trading
dairy farm
indemnification


Bilans de l'énergie 1988-1989.,Energiebilanzen 1988-1989.,Energy balance sheets 1988-1989 : 1991 edition.

coal,electrical energy,energy distribution,energy market,energy production,energy use,fuel,gas,petroleum

coal
electrical energy
energy distribution
energy market
energy production
energy use
fuel
gas
petroleum


Council Regulation (EEC) No 1030/91 of 22 April 1991 amending Regulation (EEC) No 1191/89 derogating from Regulation (EEC) No 797/85 as regards certain investment aids in the pig production sector


91/239/EEC: Council Decision of 22 April 1991 amending the Seventh Decision, 85/355/EEC, on the equivalence of field inspections carried out in third countries on seed producing crops and the Seventh Decision, 85/356/EEC, on the equivalence of seed produced in third countries

fodder plant,marketing,marketing standard,seed,third country

fodder plant
marketing
marketing standard
seed
third country


Council Regulation (EEC) No 1027/91 of 22 April 1991 fixing, for the 1990/91 and 1991/92 milk years, the guideline figure for the fat content of standardized whole milk imported into Ireland and the United Kingdom

Ireland,United Kingdom,marketing standard,milk fat,whole milk

Ireland
United Kingdom
marketing standard
milk fat
whole milk


Papers presented at the Seminar on 'Small-business start-up : support policies and the role of vocational training', Cedefop, Berlin, June 1990.

Cedefop,aid to undertakings,business policy,management training,small business,vocational training

Cedefop
aid to undertakings
business policy
management training
small business
vocational training


Comptes nationaux SEC : tableaux détaillés par branche 1980-1988.,National accounts ESA : detailed tables by branch 1980-1988.,Volkswirtschaftliche Gesamtrechnungen ESVG : detaillierte Tabellen nach Produktionsbereichen 1980-1988.

EU Member State,gross regional product,regional accounting,regional statistics

EU Member State
gross regional product
regional accounting
regional statistics


Comptes économiques de l'agriculture et de la sylviculture 1984-1989.,Economic accounts for agriculture and forestry 1984-1989.,Land- und forstwirtschaftliche Gesamtrechnung 1984-1989.

EU Member State,agricultural statistics,economic accounts for agriculture,silviculture

EU Member State
agricultural statistics
economic accounts for agriculture
silviculture


Commission Regulation (EEC) No 1019/91 of 22 April 1991 amending the list annexed to Regulation (EEC) No 55/87 establishing the list of vessels exceeding eight metres length overall permitted to use beam trawls within certain areas of the Community

EU waters,conservation of fish stocks,fishing net,fishing regulations,fishing vessel,technical standard

EU waters
conservation of fish stocks
fishing net
fishing regulations
fishing vessel
technical standard


Council Regulation (EEC) No 1004/91 of 22 April 1991 applying supplementary generalized tariff preferences in respect of certain industrial products originating in countries benefiting from generalized preferences and sold at the Berlin ' Partners in Progress' Fair

Berlin,industrial product,originating product,trade event

Berlin
industrial product
originating product
trade event


Commission Regulation (EEC) No 981/91 of 22 April 1991 correcting Regulations (EEC) No 798/91 and (EEC) No 799/91 opening invitations to tender for the reduction in levies on maize and grain sorghum respectively imported from third countries

Spain,award of contract,import levy,maize,sorghum

Spain
award of contract
import levy
maize
sorghum


Agreed Minute amending the Agreement between the European Economic Community and the Republic of Indonesia on trade in textile products #

Indonesia
distributive trades
textile product


Organic micropollutants in the aquatic environment : proceedings of the Sixth European Symposium, held in Lisbon, Portugal, May 22-24,1990.

Directorate-General for Research and Innovation

EU programme,aquatic environment,chemical pollution,conference proceedings,environmental research,organic pollution,water pollutant,water treatment

EU programme
aquatic environment
chemical pollution
conference proceedings
environmental research
organic pollution
water pollutant
water treatment


NOTICE - COMMON POSITION ADOPTED BY THE COUNCIL IN ACCORDANCE WITH THE COOPERATION PROCEDURE LAID DOWN IN ARTICLE 149 ( 2 ) OF THE EEC TREATY: PROPOSAL FOR A DECISION ON THE ADOPTION OF A PROGRAMME OF COMMUNITY ACTION ON THE SUBJECT OF THE VOCATIONAL TRAINING OF CUSTOMS OFFICIALS ( MATTHAEUS )

action programme,civil servant,customs,single market,vocational training

action programme
civil servant
customs
single market
vocational training


Commission Regulation (EEC) No 965/91 of 19 April 1991 reimposing the levying of customs duties applicable to third countries on certain products originating in Yugoslavia

Yugoslavia,originating product,restoration of customs duties

Yugoslavia
originating product
restoration of customs duties


WRITTEN QUESTION No. 689/91 by Mr Frédéric ROSMINI to the Council. Rhine-Rhône link

EU financing,France,Germany,inland waterway shipping,regional development,transport infrastructure

EU financing
France
Germany
inland waterway shipping
regional development
transport infrastructure


WRITTEN QUESTION No. 716/91 by Mr Brian SIMPSON to the Commission. Cabin baggage in civil aircraft

aircraft,application of the law,public safety,sales occupation,transport safety,weight and size

aircraft
application of the law
public safety
sales occupation
transport safety
weight and size


WRITTEN QUESTION No. 680/91 by Mrs Anita POLLACK to the Commission. Overfishing off Canada

Canada,North-West Atlantic Fisheries Organisation,authorised catch,fishery management,fishing area,sea fish


RESOLUTION on infant formulae and follow-up milks


WRITTEN QUESTION No. 717/91 by Mr Brian SIMPSON to the Commission. Age of civil aircraft

EU Member State,EU statistics,aircraft,airline,civil aviation,product life

EU Member State
EU statistics
aircraft
airline
civil aviation
product life


WRITTEN QUESTION No. 704/91 by Mr Paul STAES to the Commission. Programme of research into the problem of slurry in Belgium

EU financing,Flanders (Belgium),agronomic research,organic fertiliser,regions and communities of Belgium

EU financing
Flanders (Belgium)
agronomic research
organic fertiliser
regions and communities of Belgium


PROPOSAL FOR A COUNCIL REGULATION ( EEC ) AMENDING REGULATION ( EEC ) NO 599/91 INTRODUCING A CREDIT GUARANTEE FOR EXPORTS OF AGRICULTURAL PRODUCTS AND FOODSTUFFS FROM THE COMMUNITY TO THE SOVIET UNION

USSR
agricultural product
credit guarantee
export
foodstuff

COMMISSION OF THE EUROPEAN COMMUNITIES

C0M(91) 140 final

Brussels, 19 April 1991

Proposal for a

COUNCIL REGULATION (EECÏ

amending Regulation (EEC) No 599/91 introducing a credit guarantee
for exports of agricultural products and foodstuffs from the Community
to the Soviet Union

(presented by the Commission)

Explanatory Memorandum

Subject : Amendment to Council Regulation H' 599/91 of Search 1991

(OJ 1991, L 67). Under Article 2 of Regulation 599/91, introducing a credit guarantee for
exports of agricultural products and foodstuffs from the Community to the
Soviet Union, the Commission is charged, in consultation with a committee
composed of Member State representatives, with negotiating an agreement
between the Community and the Soviet Union. Article 2 provides also that the
agreement shall contain, inter alia, the provision governing the loans that
will be granted to the Soviet Union. During the discussion that have taken place with the Soviet delegation on the
terms of the agreement, the Soviet side indicated that the repayment schedule
of the loan envisaged in Article 3 of the Regulation, is not acceptable to
them in view of repayment obligations on their side from previous credit
guarantee contracts. It was clearly stated by the delegation that they were
unable to start the reimbursement of the Community loan before 1993. Instead
of the 6 equal six-monthly instalments as from expiry of the drawing period
provided for by Art. 3 of the Regulation, the Soviet side therefore proposed
to repay the loans by means of 3 equal payments, respectively 20, 31 and 42
months after the date of signature of the agreement. The Commission believes that it is in the interest of all parties concerned
to modify the terms of repayment. Therefore, the Commission proposes the
modification of Article 3 of the Regulation as presented in the attached
proposal. Adoption of this proposal, after consultation of the European
Parliament, at the earliest convenience, is required without delay to
conclude the agreement with the Soviet Union before the end of May. i

This proposal has no impact on the budget of the Community. h

Proposal for a

COUNCIL REGULATION (EEC) No

/

of
amending Regulation (EEC) No 599/91 introducing a credit guarantee
for exports of agricultural products and foodstuffs from the Community
to the Soviet Union

THE COUNCIL OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Economic Community, and in

particular Articles 113 and 235-thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Par I lament,

Whereas Council Regulation (EEC) No 599/91 of 5 March 1991(1> introduces a

credit guarantee for the Soviet Union to import agricultural products and

foodstuffs from the Community; whereas, at the request of the recipient country,

the conditions for the reimbursement of the loans originally provided for should

be altered in order to take account of commitments entered into previously,

HAS ADOPTED THIS REGULATION:

Article 1

Article 3 of Regulation (EEC) No 599/91 is hereby replaced by the following:

"Article 3

The credit for which repayments are covered by the guarantee may not exceed ECU

500 million. Reimbursement shall involve three instalments of an equal

amount, paid 20, 31 and 42 months from the signing of the agreement provided for

in Art icle 2. The credit shall be backed by a payment and transfer guarantee of a body

empowered to cover sovereign risk and to authorize foreign currency transfers. (1) 0J No L 67, 14. 3. 1991, p. 21. - 2 -

The period for drawing upon the credit shall be limited to six months as from the

date of signing of the agreement provided for above. This loan may be drawn upon

in tranches. Payment of these tranches shall depend upon the degree to which the

Soviet Union complies with the provisions of the agreement referred to above and

with the conditions laid down for granting the guarantee. "

Article 2

This Regulation shall enter into force on the day following its publication in

the Official Journal of the European Communities. This Regulation shall be blndi-ng in its entirety and directly applicable in all

Member States. Done at Brussels,

For the Council

H

ISSN 0254-1475

COM(91) 140 final

DOCUMENTS

EN

11

Catalogue number : CB-CO-91-164-EN-C
ISBN 92-77-71399-2

PRICE

1 - 30 pages: 3. 50 ECU

per additional 10 pages: 1. 25 ECU

Office for Official Publications of the European Communities

L-2985 Luxembourg


WRITTEN QUESTION No. 700/91 by Mr Wilfried TELKÄMPER to the Commission. Incorporation of the Directive on environmental impact assessment into German law

EU law - national law,Germany,environmental impact,expressway,impact study,motorway,road building,transport planning

EU law - national law
Germany
environmental impact
expressway
impact study
motorway
road building
transport planning


WRITTEN QUESTION No. 712/91 by Mr Carlos PERREAU DE PINNINCK DOMENECH and Mr José RUIZ-MATEOS JIMÉNEZ DE TEJADA to the Commission. Immigration

European Parliament,PERREAU DE PINNINCK DOMENECH,RUIZ-MATEOS JIMENEZ DE TEJADA

EU aid,aid to disadvantaged groups,aid to refugees,competence of the Member States,immigration,international organisation,welfare

EU aid
aid to disadvantaged groups
aid to refugees
competence of the Member States
immigration
international organisation
welfare


LEGISLATIVE RESOLUTION embodying the opinion of the European Parliament on the Commission proposal for a Council decision establishing a multiannual programme for the development of European statistics on services

Committee on Economic and Monetary Affairs,European Parliament

EU statistics,provision of services,service,statistical method,statistics

EU statistics
provision of services
service
statistical method
statistics


WRITTEN QUESTION No. 714/91 by Mr Carlos PERREAU DE PINNINCK DOMENECH and Mr José RUIZ-MATEOS JIMÉNEZ DE TEJADA to the Commission. Senior citizens

EU aid,European social policy,elderly person,population ageing,social integration

EU aid
European social policy
elderly person
population ageing
social integration


WRITTEN QUESTION No. 684/91 by Mr Artur da CUNHA OLIVEIRA to the Commission. Community financing for the autonomous regions of the Azores and Madeira

Azores,EAGGF,EU financing,EU regional policy,Madeira,autonomy,regional development

Azores
EAGGF
EU financing
EU regional policy
Madeira
autonomy
regional development


WRITTEN QUESTION No. 715/91 by Mr Carlos PERREAU DE PINNINCK DOMENECH and Mr José RUIZ-MATEOS JIMÉNEZ DE TEJADA to the Commission. Recognition of Spanish

Latin America,audiovisual programme,award of contract,regional culture,report,television

Latin America
audiovisual programme
award of contract
regional culture
report
television


LEGISLATIVE RESOLUTION embodying the opinion of the European Parliament on the Commission proposal for a Council directive amending Directive 72/461/EEC on health problems affecting intra-Community trade in fresh meat and Directive 72/462/EEC on health and veterinary inspection problems upon importation of bovine animals and swine and fresh meat or meat products from third countries

Committee on the Environment, Public Health and Food Safety,European Parliament

health control,intra-EU trade,meat product

health control
intra-EU trade
meat product


WRITTEN QUESTION No. 693/91 by Ms Christine ODDY to the Commission. Cat Island, Bahamas

Bahamas,EDF,EU financing,development aid,power plant,third Lomé Convention

Bahamas
EDF
EU financing
development aid
power plant
third Lomé Convention


Veterinary and plant health controls : veterinary control, plant health control. Volume 5.

agricultural policy,health control,plant health control,public health,single market,veterinary inspection

agricultural policy
health control
plant health control
public health
single market
veterinary inspection


WRITTEN QUESTION No. 687/91 by Mr Frédéric ROSMINI to the Commission. Mediterranean forest

Integrated Mediterranean Programmes,Mediterranean region (EU),action programme,fire protection,forest,forest conservation,regional policy

Integrated Mediterranean Programmes
Mediterranean region (EU)
action programme
fire protection
forest
forest conservation
regional policy


LEGISLATIVE RESOLUTION embodying the opinion of the European Parliament on the Commission proposal for a Council regulation amending the Staff Regulations of officials of the European Communities and the conditions of employment of other servants of those Communities in respect of detailed rules for adjusting the remuneration

Committee on Legal Affairs,European Parliament

European official,conciliation,pay,regulations for civil servants

European official
conciliation
pay
regulations for civil servants


WRITTEN QUESTION No. 694/91 by Ms Christine ODDY and Mr Alex SMITH to the Commission. Conscientious objectors

approximation of laws,competence of the Member States,conscientious objection,free movement of workers,fundamental rights

approximation of laws
competence of the Member States
conscientious objection
free movement of workers
fundamental rights


WRITTEN QUESTION No. 681/91 by Mr Gijs de VRIES to the Commission. Human rights and Bank for Eastern Europe

Central and Eastern Europe,development bank,economic development,economic reconstruction,financing policy,human rights,international instrument

Central and Eastern Europe
development bank
economic development
economic reconstruction
financing policy
human rights
international instrument


WRITTEN QUESTION No. 709/91 by Mr José ÁLVAREZ DE PAZ to the Council. EEC policy for the integration of immigrants

family policy,immigration,integration of migrants,migration policy,pension scheme,political asylum,population policy

family policy
immigration
integration of migrants
migration policy
pension scheme
political asylum
population policy


WRITTEN QUESTION No. 696/91 by Ms Christine ODDY and Mr Alex SMITH to the Commission. Resettled people in El Salvador

El Salvador,aid to refugees,civil war,humanitarian aid,refugee,repatriation grant,return migration

El Salvador
aid to refugees
civil war
humanitarian aid
refugee
repatriation grant
return migration


WRITTEN QUESTION No. 699/91 by Ms Christine ODDY to European Political Cooperation. Guyana

European political cooperation,Guyana,national election,political rights

European political cooperation
Guyana
national election
political rights


Commission Directive 91/249/EEC of 19 April 1991 amending the Annexes to Council Directive 70/524/EEC concerning additives in feedingstuffs


WRITTEN QUESTION No. 692/91 by Ms Christine ODDY to the Commission. Benefits to widowers

anti-discriminatory measure,statistics,survivor's benefit,widowed person

anti-discriminatory measure
statistics
survivor's benefit
widowed person


WRITTEN QUESTION No. 688/91 by Mr Frédéric ROSMINI to the Commission. Renaval

France,Provence-Alpes-Côte d'Azur,aid to undertakings,industrial conversion,shipbuilding

France
Provence-Alpes-Côte d'Azur
aid to undertakings
industrial conversion
shipbuilding


A common market for services : banking, insurance, securities, transport, new technologies and services, capital movements, free movement of labour and the professions. Volume 1.

capital movement,financial institution,free movement of workers,insurance,liberal profession,new technology,single market,tertiary sector,transport policy

capital movement
financial institution
free movement of workers
insurance
liberal profession
new technology
single market
tertiary sector
transport policy


WRITTEN QUESTION No. 706/91 by Mrs Maria SANTOS to the Commission. The planting of eucalyptus in an area of ornithological interest in Portugal

Portugal,application of EU law,deciduous tree,plantation,protected area,protected species,protection of animal life

Portugal
application of EU law
deciduous tree
plantation
protected area
protected species
protection of animal life


WRITTEN QUESTION No. 701/91 by Mr Wilfried TELKÄMPER to the Commission. Definition of express roads and ' Kraftfahrstrassen' (dual carriageway roads) with reference to the Directive on environmental impact assessment

Germany,environmental impact,expressway,highway code,impact study,road traffic,terminology

Germany
environmental impact
expressway
highway code
impact study
road traffic
terminology


European customs inventory of chemicals : a guide to the tariff classification of chemicals in the Combined Nomenclature.

Directorate-General for Taxation and Customs Union

Combined Nomenclature,common customs tariff,tariff nomenclature

Combined Nomenclature
common customs tariff
tariff nomenclature


91/242/EEC: Commission Decision of 19 April 1991 laying down rules for the implementation of an appraisal of the national veterinary services and the financial contribution from the Community

action programme,administrative structures,financial equalisation,local government,veterinarian,veterinary legislation

action programme
administrative structures
financial equalisation
local government
veterinarian
veterinary legislation


WRITTEN QUESTION No. 690/91 by Ms Christine ODDY to the Commission. Restricted sale of beer

United Kingdom,beer,beverage industry,common commercial policy,exclusive purchasing agreement,restriction on competition

United Kingdom
beer
beverage industry
common commercial policy
exclusive purchasing agreement
restriction on competition


WRITTEN QUESTION No. 710/91 by Mr Eugenio MELANDRI to the Commission. Financial protocol with Syria

EU relations,Syria,financial agreement,human rights,protocol to an agreement

EU relations
Syria
financial agreement
human rights
protocol to an agreement


WRITTEN QUESTION No. 705/91 by Mr Barry DESMOND to the Commission. Aquaculture growth and sea trout decline in Ireland

Ireland,aquaculture,development plan,parasitology,recreational fishing,research project,sea fish

Ireland
aquaculture
development plan
parasitology
recreational fishing
research project
sea fish


WRITTEN QUESTION No. 678/91 by Mr Diego de los SANTOS LÓPEZ to the Commission. Swine fever

animal plague,epidemic,scientific research,swine,trade restriction,veterinary legislation

animal plague
epidemic
scientific research
swine
trade restriction
veterinary legislation


WRITTEN QUESTION No. 679/91 by Mr Diego de los SANTOS LÓPEZ to the Commission. Table olives

Spain,agro-industry,common agricultural policy,financial loss,market stabilisation,olive,olive-growing,production aid,sales promotion,support policy

Spain
agro-industry
common agricultural policy
financial loss
market stabilisation
olive
olive-growing
production aid
sales promotion
support policy


WRITTEN QUESTION No. 682/91 by Mrs Hiltrud BREYER to the Commission. Exports to Iraq by the Völklingen Saarstahl and the Düsseldorf Export-Union undertakings

Germany,Iraq,competence of the Member States,export,foreign trade,fraud,military equipment,sheet,steel

Germany
Iraq
competence of the Member States
export
foreign trade
fraud
military equipment
sheet
steel


WRITTEN QUESTION No. 695/91 by Ms Christine ODDY to the Commission. Energy efficiency in housing

economic support,energy saving,heating,housing,thermal energy

economic support
energy saving
heating
housing
thermal energy


Green paper : Urban environment.

EU environmental policy,quality of the environment,urban area,urban problem

EU environmental policy
quality of the environment
urban area
urban problem


WRITTEN QUESTION No. 719/91 by Mr Brian SIMPSON to the Commission. European leather industry

Japan,clothing industry,customs duties,footwear industry,furniture industry,international competition,leather industry,market access,restriction on competition,tariff negotiations

Japan
clothing industry
customs duties
footwear industry
furniture industry
international competition
leather industry
market access
restriction on competition
tariff negotiations


WRITTEN QUESTION No. 711/91 by Sir Jack STEWART-CLARK to the Commission. Norwegian salmon

Norway
dumping
fishing agreement
sea fish


RESOLUTION on childcare and equality of opportunity

Committee on Women’s Rights and Gender Equality,European Parliament

EU law,European social policy,child care,equal treatment,labour market,social facilities,woman

EU law
European social policy
child care
equal treatment
labour market
social facilities
woman


WRITTEN QUESTION No. 683/91 by Mrs Hiltrud BREYER to the Commission. Radioactive contamination of Euratom employees

EAEC,Luxembourg,health control,nuclear safety,occupational safety,radiation protection,radioactivity,servant (EU)

EAEC
Luxembourg
health control
nuclear safety
occupational safety
radiation protection
radioactivity
servant (EU)


WRITTEN QUESTION No. 707/91 by Mr Juan COLINO SALAMANCA and Mr Mateo SIERRA BARDAJÍ to the Commission. Exports of sherry to the United Kingdom

COLINO SALAMANCA,European Parliament,SIERRA BARDAJI

Spain,United Kingdom,designation of origin,excise duty,fortified wine,import tax,restriction on competition

Spain
United Kingdom
designation of origin
excise duty
fortified wine
import tax
restriction on competition


Commission Regulation (EEC) No 967/91 of 19 April 1991 laying down detailed rules for the application of Council Regulation (EEC) No 307/91 on reinforcing the monitoring of certain expenditure chargeable to the Guarantee Section of the European Agricultural Guidance and Guarantee Fund

EAGGF Guarantee Section,EU financing,in-service training,information technology industry,management audit,office automation

EAGGF Guarantee Section
EU financing
in-service training
information technology industry
management audit
office automation


Commission Regulation (EEC) No 968/91 of 19 April 1991 concerning the quantities of sheepmeat and goatmeat products which may be imported from Czechoslovakia during 1991


WRITTEN QUESTION No. 677/91 by Mr Gijs de VRIES to the Commission. Importation of military equipment

Council of the European Union,application of EU law,common customs tariff,exemption from customs duties,military equipment,power of decision,suspension of customs duties

Council of the European Union
application of EU law
common customs tariff
exemption from customs duties
military equipment
power of decision
suspension of customs duties


WRITTEN QUESTION No. 686/91 by Mr Dimitrios DESSYLAS to the Commission. Impact of the Gulf crisis, fraudulent bankruptcy and privatization of Olympic Airways

EU aid,Greece,Middle East,air transport,economic consequence,international criminal law,privatisation,productivity

EU aid
Greece
Middle East
air transport
economic consequence
international criminal law
privatisation
productivity


WRITTEN QUESTION No. 685/91 by Mr Artur da CUNHA OLIVEIRA to the Commission. Derogations from Community legislation

Azores,Madeira,VAT,application of EU law,harmonisation of prices,transport policy

Azores
Madeira
VAT
application of EU law
harmonisation of prices
transport policy


WRITTEN QUESTION No. 691/91 by Ms Christine ODDY to the Commission. Dyslexia

EU aid,child,educational institution,member country,physically disabled person,pupil

EU aid
child
educational institution
member country
physically disabled person
pupil


WRITTEN QUESTION No. 713/91 by Mr Carlos PERREAU DE PINNINCK DOMENECH and Mr José RUIZ-MATEOS JIMÉNEZ DE TEJADA to the Commission. Protection of the family

European social policy,birth policy,competence of the Member States,exchange of information,family policy,family protection,report

European social policy
birth policy
competence of the Member States
exchange of information
family policy
family protection
report


WRITTEN QUESTION No. 697/91 by Ms Christine ODDY and Mr Alex SMITH to the Commission. Sri Lanka

European political cooperation,Sri Lanka,human rights,international human rights law,terrorism

European political cooperation
Sri Lanka
human rights
international human rights law
terrorism


LEGISLATIVE RESOLUTION embodying the opinion of the European Parliament on the Commission proposal for a Council regulation on the conclusion of the Protocol establishing, for the period from 1 June 1990 to 31 May 1993, the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Democratic Republic of São Tomé and Príncipe on fishing off São Tomé and Príncipe

Committee on Agriculture and Rural Development,European Parliament

São Tomé and Príncipe,co-financing,fishing agreement,fishing rights,sea fishing

São Tomé and Príncipe
co-financing
fishing agreement
fishing rights
sea fishing


Commission communication on the implementation of Council Directive 89/618/Euratom of 27 November 1989 on informing the general public about health protection measures to be applied and steps to be taken in the event of a radiological emergency

access to education,civil defence,environmental risk prevention,exchange of information,nuclear safety,occupational safety,radioactivity

access to education
civil defence
environmental risk prevention
exchange of information
nuclear safety
occupational safety
radioactivity


Expert contributions : urban environment.


WRITTEN QUESTION No. 708/91 by Mr José ÁLVAREZ DE PAZ to the Commission. EEC policy for the integration of immigrants

integration of migrants,member country,report,social integration

integration of migrants
member country
report
social integration


WRITTEN QUESTION No. 698/91 by Ms Christine ODDY and Mr Alex SMITH to European Political Cooperation. Sri Lanka


WRITTEN QUESTION No. 703/91 by Mrs Cristiana MUSCARDINI to the Commission. The appointment of a harbour doctor at maritime health offices

doctor,harbour installation,health service,medical centre

doctor
harbour installation
health service
medical centre


WRITTEN QUESTION No. 702/91 by Mr Karl von WOGAU to the Commission. Data network

EU aid,electronic mail,environmental protection,exchange of information,non-governmental organisation

EU aid
electronic mail
environmental protection
exchange of information
non-governmental organisation


WRITTEN QUESTION No. 718/91 by Mr Brian SIMPSON to the Commission. Discrimination against professional Rugby League players

anti-discriminatory measure,application of EU law,free movement of workers,professional association,professional sport

anti-discriminatory measure
application of EU law
free movement of workers
professional association
professional sport


Commission Regulation (EEC) No 956/91 of 18 April 1991 amending Regulation (EEC) No 1481/86 on the determination of prices of fresh or chilled sheep carcases on representative Community markets and the survey of prices of certain other qualities of sheep carcases in the Community

carcase,fresh meat,refrigerated product,representative market price,sheepmeat

carcase
fresh meat
refrigerated product
representative market price
sheepmeat


RESOLUTION on support for the United Nations Western Sahara peace plan

European Parliament,Group for the European United Left,Left Unity,Socialist Group in the European Parliament,The Green Group in the European Parliament


RESOLUTION on the shipwreck of the Capitaine Pleven II off the Clare coast in the West of Ireland

European Parliament,Group of the European Democratic Alliance

Ireland,man-made disaster,marine pollution,maritime transport,transport accident

Ireland
man-made disaster
marine pollution
maritime transport
transport accident


Social Europe : The impact of the internal market by industrial sector: The challenge for the Member States.

Directorate-General for Economic and Financial Affairs,Directorate-General for Employment, Social Affairs and Inclusion,European Commission

EU Member State,development plan,economic growth,industrial development,industrial structures,modernisation of industry,single market

EU Member State
development plan
economic growth
industrial development
industrial structures
modernisation of industry
single market


RESOLUTION on the enhancement of democratic legitimacy in the context of the Intergovernmental Conference on Political Union

Committee on Constitutional Affairs,European Parliament

Council of the European Union,EP assent,European Parliament,European Union,interinstitutional relations,powers of parliament

Council of the European Union
EP assent
European Parliament
European Union
interinstitutional relations
powers of parliament


ORAL QUESTION DOCUMENT B3-546/91 with debate by Mr PIQUET, Mr EPHREMIDIS, Mr MIRANDA DA SILVA and Mr DE ROSSA on behalf of the CG Group to the Commission: Mass unemployment in the five new Länder of the FRG

DE ROSSA,EPHREMIDIS,European Parliament,MIRANDA DA SILVA,PIQUET

Germany,fight against unemployment,short-time working,social conflict,unemployment,unification of Germany

Germany
fight against unemployment
short-time working
social conflict
unemployment
unification of Germany


RESOLUTION on the shipping disasters off Genoa and Livorno

European Democratic Group,European Parliament,Left Unity,Liberal and Democratic Reformist Group,Rainbow Group in the European Parliament,Socialist Group in the European Parliament

harmonisation of standards,marine pollution,maritime surveillance,maritime transport,safety standard

harmonisation of standards
marine pollution
maritime surveillance
maritime transport
safety standard


RESOLUTION on 35 deaths caused in the burning of a tourist coach in Istanbul

European Parliament,Group for the European United Left,Left Unity,Socialist Group in the European Parliament

Greece
Türkiye
man-made disaster
terrorism
tourism


ORAL QUESTION DOCUMENT B3-547/91 with debate by the following Members: PIQUET, EPHREMIDIS, MIRANDA DA SILVA and DE ROSSA on behalf of the CG Group to the Council: Mass unemployment in the five new Länder in the FRG